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CBS
Nov 29, 2012 7:00am PST
quote geithner is up on capitol hill to lead negotiations on the fiscal cliff talks. >> you're not going to grow the economy if you raise taxes on the top two rates. that's not the right approach. >>> string of nasty storms barreling into the west coast. powerful winds have started knocking out power. >> just need to get to the other side of town. i don't have a choice. >> picked a bad day to do it? >> yeah. >> u.s. embassy in cairo is closed. the entrance is blocked by protesters as clashes erupt nearby. >> zebra and s hechlt tland pony ran wild through the streets of new york city. they apparently escaped from a petting zoo. >>> nypd says actress lindsay lohan has been raefed and charged with assault. >> three, two, one. >> only nbc would make a television event out of plugging something in. >> all that -- >> oh, humphries and rondo get into it. officials trying to get control here.
MSNBC
Nov 29, 2012 8:00am PST
on the economy specifically right how giving the looming fiscal cliff. so i suggest -- or i imagine they will discuss that, as well. but do we expect anything larger to come out of this? the white house is managing expectations saying there is really no agenda for this luncheon. it's really to bury the hatchet and to allow the country to move on, as well. >> right now, though, we do know treasury secretary tim geithner as we were telling everyone was on the hill, these marathon meetings with congressional leaders. what more do we know about those meetings? obviously starting off with some of the harder ones at first bhak through nancy pelosi as his last. >> we know the treasury secretary will be heading to the hill with rob nabors. he will be meeting with all of these congressional leaders separately. starting off -- or including house speaker john boehner. of course boehner will be key to moving the needle on these fiscal cliff negotiations. this comes on the heels of a phone call between president obama and speaker boehner which occurred credit. my sources are telling me the phone
FOX
Nov 29, 2012 4:00am PST
on the impending fiscal cliff. today, president obama meets with mitt romney for a private lunch at the white house. and treasury secretary tim geithner will hold talks with congressional leaders about reducing the deficit while keeping the economy growing - a lot of input being gathered on how to resolve the inevitable. president obama met with his cabinet wednesday for the first time since his re-election. but otherwise, his schedule has been filled with business leaders and resolving the fiscal crisis sooner rather than later. "families need confidence to go out and spend going into christmas." tuesday, leaders from small business gave their views. "i said the more people have money in their pocket, the more they'll spend and we'll do better." "i suggested raising the minimum wage, tying it to an inflation index, and national leadership in online retail taxes." and there's a concerted public effort: the white house website features an appeal to "speak out to keep taxes from going up on the middle class." "if congress does nothing, taxes up $2200." that $2200 morphed into a white house twitter ca
CNN
Nov 29, 2012 8:00am PST
will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked to the president about many of them. you can can look at
ABC
Nov 28, 2012 4:00pm PST
leader agree on one thing. failure is not on the table. >> going over fiscal cliff will hurt our economy. >> boehner said republicans are committed to a compromise. >> rinz are willing to put revenue on the table. >> so hard ball politics were left to house majority leador eric cantor complaining the white house hasn't come to the table with concession autos we have not seen any good faith efforts on the part of this administration to talk about the real problem. we're trying to fix. tomorrow, round two. abc news, washington. >> president ob dwraum -- obama will meet for a private lunch with mitt romney. the president promised to meet with his rival and that he would consider romney's ideas. romney commented he believed the president won because of so called gifts he gave to hispanics, blacks and young voters. we'll see how the meeting go autos one thing you can do to give your cholesterol lowering drugs a boost. >> a woman finds success on the internet spoofing popular videos and how she's using the start up to give back. >> i'm michael finney. today 7 on your side q and a is just ahead
FOX Business
Nov 29, 2012 3:00pm EST
of that will not happen next year. if they resolve the fiscal cliff and the economy remains growing, although kind of sluggish -- here is another scenario, we have a loss of revenue from growth money. we are in a situation where we will prepare for the best, hope for the best, but anticipate a negative growth in the economy. liz: there is actually what we are calling the twinkie of fact. it is a negative bidder twinkie affect. there is a hostess plant where you live. how many jobs will that drop-off, as far as employment is concerned? >> a few hundred. clearly, any kind of negative constriction of the marketplace impacts us. even if it is a negative state. clearly, here at home, the good news for us is we are going at a 3.5% rate now economically. we are creating jobs. we have a healthy economy and a great quality of life which is attracting people and businesses to utah. we do not have control over what happens in washington, d.c. we are being very cautious as we go forward waiting to see resolution, out of washington, d.c. liz: i saw a quote of something you said. i thought it was perfect for wa
PBS
Nov 28, 2012 4:30pm PST
businesses. >> going over the fiscal cliff will hurt our economy and hurt job creation in our country. this is not good for our country. it's as simple as that, and the president understands it. >> reporter: corporate leaders were also making the rounds. a group from the simpson/bowles backed organization "fix the debt" stopped in for talks on capitol hill. and later, c.e.o.s from yahoo, archers daniel midlands, caterpillar and other companies headed to the white house for a meeting with the president. >> i'd like to hear the president's views about where the country is headed and support him any way we can. >> reporter: treasury secretary timothy geithner will meet with congressional leaders tomorrow, so there is hope serious face- to-face negotiations will soon be under way. darren gersh, "n.b.r.," washington. >> susie: one of the c.e.o.s meeting with lawmakers today joins us. he is david cote, c.e.o. of honeywell. david, thank you so much for joining us. we really appreciate it. did you get the sense from house speaker boehner, he is ready to make a deal? >> i would say there is a
CSPAN
Nov 28, 2012 8:00pm EST
on ways we can solve the fiscal cliff while the same time growing this economy. the goal of this republican majority is to solve the fiscal cliff once and for all and put us on a path to grow the economy. >> we are 34 days away from what would be the largest tax increase in american history, and the speaker boehner and the republicans have put forward a balanced plan that would prevent that from happening and not devastate our economy at a time when our economy continues to struggle and people are having a tough time finding work. we need to take action that will insure that small-business owners all across this country continue to be able to survive. many have said that the president's approach in raising taxes would act to devastate the economy. ernst and young estimated jobs lost -- a plan that would cut nearly 1 million jobs is a nonstarter. we are working to find a better way. a common-sense way. we can raise tax revenue by simplifying the tax code, not increasing tax rates. we can address wasteful government spending that jeopardize an hour commitments in the nation
FOX News
Nov 28, 2012 4:00pm PST
the fiscal cliff? >> everybody agrees. >> going over the fiscal cliff will hurt our economy and will hurt job creation in our country. >>er -- every family in america will see their taxes automatically go up at the beginning of next year. >> shepard: so how to avoid that. >> the president and congress will either fail together or we will succeed together. >> there has to be a deal. there has to be an agreement. >> and if they can't come up with a compromise, we are all going to pay the price. plus, they are some of the biggest names in baseball. bonds, clemens, sosa. all three tainted by accusations they used performance enhancing drugs. but should that keep them from cooper's town? tonight, the great debate over baseball's hall of fame ballot but first from fox this wednesday night, the president hopes who have the framework of a deal to avoid the so-called fiscal cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make
CNBC
Nov 29, 2012 9:00am EST
seemed quite comfortable of sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at the white house. but based on where we stand today, i would say two things. first, despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign style rallies and one-sided leaks in the press are not the way to get things done here in washington. majority leader and i just had a meeting with the treasury secretary. it was frank. and it was direct. i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president really is willing to do. listen, i remain hopeful that productive conversations can be had in the days ahead. the white house has to get serious. yesterday our leadership team met w
CSPAN
Nov 29, 2012 10:00am EST
. going off the fiscal cliff will hurt our economy, it will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only one was a balanced plan to protect the economy, protect the american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reform, it's going to be impossible to address our country's debt crisis and get our economy going again and create jobs. right now all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they are really willing to make. i'll take a few questions. it's been very clear over the last year and a half, i talked to the president about many of them. you can look at our budget. where we outline very specific proposals that we have in last year's budget and the budget from the year before. we know what the menu
CNBC
Nov 29, 2012 4:00pm EST
strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market debt. these monetary authorities are done tightening. they fought the inflationary problem that they had successfully. they're in hoed. yield curves could shift down. we stress doing it in local currency. the other areas are u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expecting recession in 2013, if, in fact, this occurs. >> think about what works well in a slow-growth economy.
CSPAN
Nov 29, 2012 1:00pm EST
statements. members of his own party seemed quite comfortable with sending the economy over the fiscal cliff. we have a dairy production cuts tuesday we had productive conversation at the white house. despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. campaign-style or allies is not aid -- campaign-style rally is not the way to get things done in washington. a discussion with the treasury secretary was frank and direct. we hope to see a specific plan for cutting spending. we sought to find out but the president is unwilling to do. i remain hopeful that productive conversations can be had in the days ahead. but the white house has to get serious. yesterday the leadership team met with erskine bowles and business leaders about averting the fiscal cliff and achieving an approac
FOX Business
Nov 29, 2012 11:00am EST
need to have fundamental tax reform tied in to the fiscal cliff negotiations or we are never going to get anywhere on that front and that is dragging the economy down. i think taxes have to be higher. $400 billion out of medicare is about what gets cut every year anyway. medicare has been cut from the baseline every year in budgets for as long as i can remember. [talking over each other] connell: that the democrats would sign on to? what number could you get if you had $400 billion? >> something that addresses the fact that there are $40 trillion in unfunded medicare liabilities over the rest of this century. i am adding that up, $400 billion doesn't get it done. connell: have to remember these things are stretched over ten years. in one case it was 12 years and we thought was 10. steve murphy, thanks for coming on. dagen: the u.s. embassy meantime in egypt now closed amid protests in the country against president mohammad morsi. voting has started on the new constitution. kc mcfarland, formerly distance secretary of defense and fox news national security analyst, great to see you.
CNBC
Nov 29, 2012 12:00pm EST
will get a deal to avoid the fiscal cliff and there is fundamental sound footing in both the economy and the market that people want to be invested. i'm just looking at where the market is relative to its lowest point on november 16th to where it was on november 6th to where it is now. >> look, the dow is back above 13,000. it's clearly resilient. the market's been able to rise above even as some of the folks down in dc have not been able to. senator schumer is making apparently some more positive comments now. so the dow is moving up by 25 points or so. you cannot escape the fact, murph, every time somebody speaks in dc the market moves and we're sitting here or the folks at home who are watching now trying to make trades or investing in the market for the long term are trying to figure out what the heck to do because they can't figure out the market based on what one of these guys or gals is saying on the hill. >> or someone running a hedge fund that has to report results to their investors after tomorrow. so it's really tough in the short term to trade this market. i'm going to ag
FOX News
Nov 28, 2012 9:00pm PST
fall off the fiscal cliff. the united states, the largest economy in the world, but yet we have the largest debt in the world. that's why the conversation needs to go to spending. what are we doing with all this money? unemployment, skyrocketing at 9%, but a slow-down in our gdp. >> sean: the real cliff is what you're saying, down the road, when it's $20 trillion in debt, when it's not $16 trillion. >> doesn't matter. say we put in place revenue to come in to the door, what are we going to do with it? >> sean: they've already spent it. >> that's so true. it's already spent. >> anytime they raise more taxes, more revenue coming in, they spend it. the beast of government is ravenous. they never cut back. you're exactly right, sean, the real fiscal cliff is when the laws of economics kick in, which they will inevitably do, they have to do, because it can't go on like this. you see the results of hitting the wall in greece, in spain, i3 italy. it will happen here. unlike the european countries, there's nobody to bail us out. >> sean: how much debt could we realistically take on befo
MSNBC
Nov 28, 2012 7:00pm PST
to drive the economy off the fiscal cliff this january. you might call this thelma and louise economics. right off the cliff. ♪ >> joining me now, senator feldma. >> great to talk to you. >> senator, you've been the leader on how the democrats should be approaching the so-called off the cliff drama and i just want to play something you said on july 16th at the brookings institute. let's listen to that. >> we can't get a good deal, a balanced deal that calls on the wealthy to pay their fair share, when i will absolutely continue this debate into 2013. >> after that, senator mcconnell called that thelma and louise economics. tell us why this cliff is not as disastrous a cliff to go off? >> first of all, no one wants to go off any cliff or hill or slope. there is a responsible way to revolve this. but if we take a bad deal and say that all of the nation's fiscal problems are to be balanced on the back of middle class families and the wealthy don't participate, that's a bad deal we cannot and should not live within this country. >> shortly before your public comments about this this past
MSNBC
Nov 29, 2012 3:00am PST
the recovery started. now, i'm not going to blame it all on the fiscal cliff. we have a slowing economy. we have slowing economies around the world. but i was at a dinner with a bunch of ceos in washington who are interested and care about this fiscal issue on monday night. and they were talking about we're not hiring. we're allowing attrition to happen. we're holding back on big spending. we want to see what happens here before we go forward. what's interesting about this is that the consumer seems to have a different view. the consumer -- for the consumer so far, this has sort of passed by. i wouldn't say blissful ignorance, but it has not affected their behavior. you had a fairly strong set of economic numbers this fall. the housing market seems to have finally turned up after a period of obviously deep decline. and so consumer confidence, which is one of our best proxies for this kind of thing, has been turning up and really does not yet -- the fiscal cliff does not yet seem to have penetrated their consciousness. for those of us who were in stores over the holiday weekend, stores are c
Comedy Central
Nov 28, 2012 7:00pm PST
date and you can kiss our economy good-bye. because we will all be going over -- >> that fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> that dreaded fiscal cliff. >> stephen: yes, the dreaded fiscal cliff. an unavoidable money will technology the razor-sharp financial rocks below. it all started back in 2011 during the showdown over raising our debt ceiling when republicans wanted spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it. (laughter) instead, they handed it over to something called "the supercongress" which couldn't fail because it was super. (laughter) unfortunately it was also congress so it failed. (laughter) and as a result -- (applause) as a result -- (applause) as a result, folks, we are facing another thing called sequestration which at first sounds like rationing the amount you can watch "sea quest." (laughter) but it's even worse than that. (laughter) sequestration is automatic spending cuts that both sides agree would trigger a new recession. it's like congress put a gun to the economy's head and sw
MSNBC
Nov 29, 2012 7:00am PST
over the fiscal cliff because it would be a big drag on the economy. >> but are you willing to do that? >> what we're willing to do is come up with a package that both accelerates economic recovery, but also begins to reduce the long term deficit and the president's been very clear that that means asking higher income earn eaers to pay who are. more. so the real question is whether republicans will agree with tom cole who the other day said we should agree with the president. so let's get that done. let's not hold the middle class hostage to getting a bonus tax break for folks at the top. so it was great to hear tom come forward on that. obviously he's taken some heat within his caucus, but that would obviously avoid the fiscal cliff. >> congressman chriss van hollen, thanks so much. appreciate it. >>> so he mentioned tom cole. let me play what he had to say. >> the president is willing to accept 80% of the bush tax cuts for 9d 8% of the american peopl and make them permanent, we should do that and continue to fight for the things we believe in. >> so, chris, you know john boehner said
CNBC
Nov 28, 2012 7:00pm EST
or no fiscal cliff, your taxes will probably go up anyway. it's all because of obama. >> the economy, slam investors and triple capitalism. say no to nationalized health care system, no to blanket tax increases and that means let low. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which
FOX Business
Nov 29, 2012 1:00pm EST
to the fiscal cliff. now there is a big potential that that could have a drag on the u.s. economy going forward. ashley: sure. >> i don't think we get to that point though. i think that there is going to be a resolved. i do believe between now and end of the first quarter, now that is a ways away we get it resolved. ashley: yeah. >> i think as we approach the end of the year we hopefully get some kind of guidance by the folks down in washington they're coming to some kind of resolution on it. ashley: and assuming there is some sort of resolution, what does that do to the market? you would expect a bounce. how big of a bounce? >> absolutely. i think you will see a major bounce. you will see the market start to really recover and people investing for the next year, year-and-a-half out. what it is going to do when we get this sort of resolution it is going to clear up the concerns out there. businesses have been sitting largely on the sidelines. investors are sitting on the sidelines. you see businesses understand where their costs are going to be. ashley: actually plan. >> exactly. they can under
CNN
Nov 28, 2012 9:00pm PST
the so-called fiscal cliff at the end of the year. then the economy will shrink, the pie will, and we have to meet in the middle. and so far, there has not been progress getting there. >> a fascinating debate, thank you both very much. >> thank you, piers. >>> coming next. who better than politics, powerball's and the fiscal cliff? i hate that praise, let's call it financial hilltop. tavis, we'll discuss that after the break. >> i just renamed it. ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. part of a whole new line of tablets from dell. it's changing the conversation. ♪ >>> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. that kind of agreement would be good for our businesses, it would be good for our economy. it would be good for our children's future. and i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> president obama
CNN
Nov 29, 2012 11:00am PST
all, be all to not go over the fiscal cliff? keeping that in mind, would that wreck havoc in the business community? >> yeah. i can't speak for all business leaders but generally speaking a tax hike, a rate increase is not good for the economy especially at this time. this process is very disappointing. after everything we have been through and after the cam pin and the election, it seems like it's still a same tactical political poker it's always been. and the problem here is the world is watching. and it's almost like our system is being tested. can these guys still -- can these folks, these people, the congress, can the system still solve problems? >> we're -- the system is being tested by the very people who are -- which is odd. >> i know. >> they don't have to test it. they don't have to test the system. they can come to agreement without testing the system or that close. >> they should be able to. right, right. what i'd want to do is a spirit of, boy, get this done and forget parties. think of the nation. >> yeah. >> you don't see that. now, what speaker boehner said
CNN
Nov 29, 2012 6:00am PST
, anything? >> reporter: you know this. the fiscal cliff is going to have a huge impact on the economy. in fact, a big european economic group this week dialed back its estimates for u.s. economic growth this year. and other economists are warning that things may not be so rosie, partly because of concerns about the cliff. now, businesses are already cutting back, even though corporate profits are up. and when you look at today's report, here's the interesting part, carol. government spending, federal government spending is a huge reason why the economy grew in q3. it rose 9.5%. but here's the thing. if you slash that government spending, if and when the fiscal cliff goes into effect, that can really eat into gdp and is part of the reason the congressional budget office has said if we do go over the cliff, the u.s. could go back into a recession. carol? >> alison kosik at the new york stock exchange. >>> well, someone is waking up this morning as a multimillionaire. winning tickets for the powerball's record-breaking $580 million jackpot were sold in arizona and missouri. last night's
CNBC
Nov 29, 2012 3:00pm EST
to be telling us more about what it's thinking, that it's looking past the fiscal cliff issue and focusing on the very, very decent and accelerating fundamentals of the u.s. economy. >> maybe, and that's just today, right, ron? >> been since last week. >> we were talking about the market really being so sensitive to any rhetoric out of washington. >> i'm not saying it's not hostage to headlines. we'll get intraday volatility. from the monday before thank giving until now, we have effectively wiped out the losses we saw post-election. >> rick, how do you see it? market complacency, too much angst, are we overthinking this? how do you read the market right now? >> i think that the low volume movements of the equity markets aren't really telling you any information. there's no way even in aggregate a market could decide what's going on in harry reid or john boehner's brain in anything is going on in begin with. if you look at treasuries overlaid on top of equities, until mr. boehner's comments, the treasuries have taken the big picture on all of this. they're not going anywhere fast. fiscal c
CNBC
Nov 29, 2012 6:00am EST
the biggest thing we need to do to grow our economy. let's quit having these fiscal cliffs. and let's not be threatening government shut downs. let's sit down in a good faith effort and that's what president obama is not doing. he's back on the campaign trail which will is unfortunate. he should be in washington here sitting down in a good faith effort to try and grow the economy. because that's ten times more effective. >> senator, what are the odds that you think we reach an agreement before january 1st? >> that's just hard to say. there are enough republicans that are showing a willingness and i'm certainly willing to sit down with anybody who is willing to negotiate in between faith. my guess is we probably will get it solve, but i hope item not done in a way that harps tms th economy. but the president has to show us his balanced plan. >> as you said yourself, probably not the way to do to negotiate either on television or in front of everybody. that's probably happening behind the scenes. >> becky, that's not negotiating. that's called putting your plan on the table. republica
FOX News
Nov 29, 2012 3:00am PST
disasters. we don't need to navigate the fiscal cliff. that will hurt the economy. when the economy is bad, less people travel commercially for leisure, less people send packages. it hurts us and again, razor thin profit margin, we need a good economy, we need the economy good overt long haul. it's good for business. >> gretchen: do you think they were actually listening to what you had to say? >> i think they were. >> gretchen: really? >> yeah. i think it was a good discussion because the business radio he said were talking about what the impact of going overt cliff would be and also with a it would be down the line. >> gretchen: but so much, nick, of what's been discussed in the press is only about increasing taxes. you just got done talking about the fact that a stool falls over unless you have the other legs there. did you get the sense in these insider talks that people are actually going to take on entitlement reform? >> i think behind the scenes talk, yes. right now there is a lot of public posturing going on and that, i think, i personally think that's a problem because in the nego
PBS
Nov 29, 2012 3:00pm PST
. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli ambassador to the u.n., ron prosor, warned that the palestinians are turning their backs on peace. >> for as long as president abb
FOX Business
Nov 29, 2012 4:00pm EST
saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who wrote the article, wall street journal's chief economic correspondent and chief head head to lend us live. dave: before that is of we will tell you what drove the market with the data download. stocks extending yesterday's gains finishing a volatile session higher with the dow, s&p and nasdaq trading above the 200 day moving average for the first time in three weeks. telecom and health care were the top performing sectors. fewer americans filing first-time applications for unemployment benefits as hurricane sandy had the labor market and continues to subside a bit. weekly jobless claims fell by 20,000, seasonally adjusted 393,000. prior week's total was
CNN
Nov 28, 2012 4:00pm PST
the economy's actually expanding, but they're still really worried about, you know, the fiscal cliff. >>> and now our fourth story "outfront" for the second day in a row, susan rice met with republican senators, some of whom obviously have harshly criticized her for ther handlin of the attack in benghazi. the moderate susan collins spoke to us. >> i continue to be troubled by the fact that the u.n. ambassador decided to play what was essentially a political role at the height of a contentious presidential election campaign. >> yet the president continues to stand by susan rice. >> susan rice is extraordinary. couldn't be prouder of the job that she's done at the u.n. >> all right, tim, when you hear senator collins, you know, she is influential, she is moderate, come out and say look, i'm not satisfied, sort of turning her back on susan rice, she had the moment in front of the microphone to endorse, she did not. should the administration cut its losses and say this might not be the right nominee. >> not at all. i think the president won the ele electi election. respect to suzanne col
CNN
Nov 29, 2012 12:00am PST
and the fiscal cliff. i hate that phrase. we'll discuss the financial build up. >>> that kind of agreement would be good for our economy and good for our children's future. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after the fact, sometimes as much as 30 days later. with lifelock, as soon
CSPAN
Nov 29, 2012 7:00am EST
direction. host: and that was the new g.o.p. conference secretary voicing her thoughts on the fiscal cliff negotiations yesterday. and we want you to address the issue of what the g.o.p. is raising, which is address the spending problem. 202 is the area code for our numbers. that's our question this morning in this first segment of the "washington journal." you can also contact us via social media and email. you can make a comment on our facebook page, and finally send us a tweet. here is the hill newspaper from this morning. g.o.p. forget tax rates in talks on the deficit, let's look at the spending. the speaker's swift rejection of an idea floated by representative tom cole of oklahoma, a respected party strategist and former chair of the house g.o.p. campaign committee came as the republicans voiced increasing concerns over the debate of the so-called fiscal cliff. boehner said it's time for them to get serious about the spending problem that our country has. republicans complain that for all the talk of coming up with a balanced budget plan, he has made little effort to identify specif
FOX News
Nov 29, 2012 8:00am PST
the fiscal cliff. but without spending cuts an entitlement reforms it will be impossible to address our country's debt ace crisis and get our economy growing again and create jobs. right now all eyes are on the white house. our country doesn't need a victory lap, it needs leadership. it is time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i will take a few questions. >> speaker boehner, why would you not tell democrats what spending cuts you would like to see -- [inaudible] >> it has been very clear over the last year-and-a-half. i've talked to the president about many of them. you can look at our budget. where we outline very specific proposals that we passed in last year's budget and the budget from the year before. we know what the menu is. what we don't know is what the white house is willing to do to get serious about solving our debt crisis. >> [inaudible]. >> listen, i'm not going to get into the details but it is very clear what kind of spending cuts need to occur but we have no idea what the
CBS
Nov 29, 2012 4:00am PST
%. wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of the new coffee will cost $40. that will keep me
PBS
Nov 28, 2012 7:00pm PST
a deal over the so-called fiscal cliff. the euro is edging higher against the yen and that's changing hands at 106.24-26. let's take a look at stocks now. tokyo share prices are edging higher as concerns about the u.s. economy are receding. the nikkei average at 9371, a gain of .7% from wednesday's close. export-related issues, including automakers, are leading the market advance. and taking a look at other markets open in the asia-pacific, we're seeing south korea's kospi trading higher by .9%, 1929. and in australia, the benchmark index is trading higher by .4%, 4465. we'll see where china takes us in the next hour. >>> countries around the world are accelerating moves to solidify trade relations. among them, japan and the european union are seeking an economic partnership. but france's trade minister says yeahn pa will have to meet certain conditions before that happens. eu trade ministers will begin discussions on thursday on whether to approve the start of negotiations with japan for an economic partnership agreement. japan would have to agree to ports o jape aalaian i f french p
CSPAN
Nov 29, 2012 5:00pm EST
and win in the global economy. again, today as we're approaching the fiscal cliff, i hope that this senate works together in a bipartisan -- on a bipartisan basis to work toward tax reform in a way both to increase revenues but also to grow our economy while we look at the important structural reforms we have to make in order to solve the fiscal crisis we face. thank you, mr. president. the presiding officer: the senator from oklahoma. mr. inhofe: mr. president, let me elaborate a little bit on what the senator from ohio just said. i think it's important to remember that the whole idea was a democrat idea, not a republican idea. this is -- some of us remember -- not actually were here at the time but in the 1960's during the kennedy administration -- of course the last time i checked, he was a democrat -- he was the one who made the statement. i have quoted this very often. he said we need more revenue to take care of the great society programs that he had kind of inherited and was furthering. he said the best way to increase revenue is to decrease marginal rates. he did that, i remember o
NBC
Nov 29, 2012 4:30am PST
the likelihood that congress will reach a budget deal to avoid that so-called year-end fiscal cliff. today we'll get data on unemployment claims, we'll get pending home sales and a revised estimate on third quarter gdp which may show the economy grew more than previously thought this summer. the dow jumped 106 points to 12,985 while the nasdaq was up nearly 24 points to 2991 on those positive comments. meantime small businesses hit it big on cyber monday. digital research firm big commerce says a surge in orders drove overall revenue for small chains and mom and pop stores up 25% over last year's cyber monday. the average order price was 8% higher. online shoppers bought so much stuff, local retailers were averaging about two orders per second. that's four times the normal daily rate. >>> you know, it seems as though every single day during the holiday season has its own title. small business saturday, cyber monday, now it's cyber week. i'm wondering if every day between now and christmas will get its own special sale name. >> that's the direction we're moving. do keep in mind i feel like i h
MSNBC
Nov 29, 2012 6:00am PST
about the u.s. economy. i think consumers are where it's at. we just got to get over this fiscal cliff thing. >> jonathan capehart. >> i learned president morsi of egypt is fanatical about "planet of the apes." >> that is really all you need to know. jonathan, thank you so much. rana, steve, michael and everybody, thank you for watching today. if it's "way too early," it's "morning joe." chuck todd is next with "the daily rundown." >>> together again. mitt romney makes his way to the white house. it's not exactly the way he wanted to get there. but can something constructive come out of a private lunch between president obama and the man he defeated just three weeks ago? that's right. that was just three weeks ago. >>> also this morning, a deep dive into america's longest war. look into lessons learned and the sacrifices made by troops at one combat outpost. tell us about what's been accomplished and what's not in more than a decade of fighting. as the country wakes up obsessed with numbers and winners, for the lottery, that, we've got a very important update on the election night numb
FOX Business
Nov 28, 2012 8:00pm EST
but we think in order to address the problem both in terms of the fiscal cliff and just as importantly or more importantly the long-term debt path of this country which has direct impact on the health of the economy you have to have basically a three-legged stool. you have to have entitlement reforms. you've got to rein in spending, and you've got to reform the tax code. and what we have --. neil: i see one out of three of those being done right now. you're right. it could change. we don't know what is happening behind closed doors but right now i see a lot of talk about taxes. i don't see much talk about the other two ingredients? >> there is lot of concern about that. a lot of people are talking about entitlement reform an reining in spending. neil: what did they fear? what did you or your colleagues say in meetings with republicans if it is too lopsided in taxes a bad deal is better than no deal? no deal is better than a bad deal? what? >> no. what our message was, in order to get a good deal you have to put something together that will have a marked impact on the economy and on mar
NBC
Nov 29, 2012 6:00am PST
the fiscal cliff. however, we got the latest numbers from stores. macy's, target, kohl's, all reporting lower than expected sales. kohl's is down 10% this morning in very active trading. >> giving away too much kohl's cash. >> apparenty. >> thanks so much. >>> a fran drescher appearance on the show. >> yeah. all right. >>> time to check the forecast right now with meteorologist christina loren. a break in the storm. >> a break in the storm. get what you need to do done right now, even if it's just walking the dog, as we have a lot more rain on the way. we want to start with this beautiful sunrise, though, what few breaks in the clouds we do have making for gorgeous conditions this morning as you make your way out the front door. this is san jose and we have a beautiful sunrise just about everywhere with pesky showers on the forecast map. for today what we're expecting, temperatures in the 60s, mostly cloudy conditions. that heavy rain arrives between 5:p.m. tonight and 5:00 a.m. tomorrow morning. we'll continue to update you throughout the "today" show every 15 minutes. let's take a look at y
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